Eskom GCE Brian Molefe voluntarily steps down
Friday, 11 November 2016: It is with a great sense of loss and regret that the Board of Eskom announces a decision by Eskom Group Chief Executive Brian Molefe to step down in the interest of good corporate governance.
In an effort to clear his name following the release of former Public Protector Thuli Madonsela’s report on her “observations” about the so-called state capture, Mr Molefe has decided to voluntarily step down to reflect and take time off.
Eskom Chairperson Baldwin Ngubane said the decision taken by Mr Molefe was regrettable but understandable.
Since joining Eskom in April 2015, Mr Molefe and his executive management team have turned around the company’s operational and financial performance, with 15 months of no load shedding, the impact of which has been enjoyed by every South African citizen.